Deposit Reclassification: how banks can have 0% reserves

[joeblow]

Thanks to Maax Aker for finding this

Deposit Reclassification: how banks can have 0% reserves

http://www.cetoandassociates.com/pdf/DRBrochure_09.pdf

Deposit Reclassifi cation is a process by which a portion of your institution's transaction accounts can be classifi ed as savings deposits, which are not subject to reserve requirements. Reserve requirements can be met with cash, a non-liquid reserve balance with your local Federal Reserve Bank (FRB), or a non-liquid "pass through" account with other fi nancial institutions. Ceto's Deposit Reclassifi cation solution classifi es 60-80% of all transaction accounts into savings deposits.
The Deposit Reclassifi cation conversion process can be completed within 30-45 days; requires very little time from your personnel; and creates a new and permanent stream of revenue. The process is completely under your control since it is done on your own premises, using your own computer systems and your own personnel. There is a one time fee with unlimited future support. Importantly, Deposit Reclassifi cation is in complete compliance with Federal Reserve Board's Regulation D.